PYMNTS

JULY 13, 2016

Move over millennials , there’s a new kid in town that is about to become nearer and dearer to retailers’ hearts: Gen Z. 64 percent of Gen Zers like to pay with cash, as opposed to credit or debit cards or mobile payment apps. Other interesting findings of the survey, which involved 2,000 U.S.

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PYMNTS

NOVEMBER 15, 2017

According to news from Fortune , customer payment card information was compromised at certain point of sale devices in stores when the encryption on those devices was not operating. “These new, experiential spaces will be focused on accessories, cosmetics and home goods for the millennial consumer.

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Los Angeles social media Millennials Retail 151

PYMNTS

NOVEMBER 27, 2018

Older millennials and Generation Xers spent the most, with their average purchase sizes coming in at $413.05. Gen Zers and younger millennials were also in a shopping mood, but maybe not a giving one, with the survey showing those aged 18 to 24 spent an average of $149 on holiday purchases for themselves. Of that, $217.37

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PYMNTS

JANUARY 20, 2020

Millennials to the Rescue. The experience of buying, sending and receiving greeting cards continues to undergo changes in a world where social media and sparkling, decorated texts often suffice for getting across congratulatory messages. The move has much more to do with the decline of handwriting, of course.

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Retail Millennials Cards social media 183

PYMNTS

DECEMBER 1, 2016

More than one out of four millennials carry less than $5 cash with them. And according to another study, nearly 20 percent of millennials have not used cash in two months. With a fifth of millennials already rarely using cash, it is clear that this is happening relatively rapidly,” said Kalle Marsal, CMO of Mitek.

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Abrigo

APRIL 29, 2015

If your firm has a social media presence , make sure that it’s in line with your brand, as well as readily apparent on your website by linking to your company Twitter, LinkedIn or Facebook pages. Generation X and Millennials increasingly supplement their online research with social media searches.

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social media Online Millennials Branding 150

PYMNTS

JUNE 16, 2016

A lot of fuss is made over millennials and their proclivities toward things being easy. So, when it comes to something like digital banking , it’s not so much about finding what’s easy as it is about finding what service best meets millennials’ needs. Millennials to big banks: No thanks ….

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PYMNTS

SEPTEMBER 16, 2019

Retailers scour social media to find influencers and designer bellwethers to turn trends into sales. In the payments ecosystem, we need look no further than the bridge millennial for how the connected purchasing experience will evolve over the next decade. consumers shop and pay — today and in the future.

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PYMNTS

NOVEMBER 30, 2020

They use their mobile devices for everything from checking the weather to posting on social media to pulling up real-time maps and using them to navigate to new destinations. consumers who own internet-connected devices and who use their credit or debit cards at least monthly. The report surveyed 2,141 U.S.

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Fraud Data social media Millennials 171

PYMNTS

APRIL 20, 2017

In earnings results posted Wednesday, American Express said that its first quarter of 2017 marked a strong start to the year, driven by stronger card spend by consumers. million new cards globally. Breaking down the revenue by line item, net card fees were up seven percent year over year to $748 million. versus the $1.28

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Cards social media Millennials Marketing 101

PYMNTS

MAY 4, 2017

The peer-to-peer mobile payment service offers a social media element aimed at making the exchange of money more fun for both sides of the transaction. billion in Q1 2017 — tackles feelings of financial discomfort by giving consumers a more engaging option to settle debts, by mixing social media with finances.

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social media Payments Millennials Mobile 104

Bank Innovation

SEPTEMBER 22, 2016

Debitize, a startup helping millennials build credit without using credit (we’ll explain), reached a significant milestone last week and released a new product this week. ” Users of the service essentially treat credit cards as if they were debit cards, and pay off balances through Debitize before Read More.

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Millennials Cards social media Online 150

PYMNTS

JUNE 18, 2016

This year shoppers are expected to spend a hair under $2 billion on cards and clothes for Dad, and around $1.7 In fact, recent data from Mintel indicates that millennial dads could be the future of retail. Millennial dads view shopping with their kids as a way to bond and teach them valuable lessons,” the report said.

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PYMNTS

MARCH 8, 2017

While millennials aspire to seek out meaningful experiences, they don’t necessarily have the spending power that enables them to do so. While on the other side of the coin, there are millennials who like to go out in groups, with budgets that may be more restricted but with time to go out more frequently. BB: Yes, exactly.

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PYMNTS

MAY 1, 2020

Millennial and Gen Z stereotypes often revolve around being tied to smartphones or computer screens, but these consumers love the outdoors just as much as their parents’ and grandparents’ generations. Social media can show how much millennials and members of Generation Z love hiking, camping and other outdoor activities.

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Millennials social media Retail Guidelines 141

Bank Innovation

JANUARY 30, 2019

s robust marketing strategy for its retail bank has paid off, as the bank today reported that half of its new retail customers were millennials. Of Ally Financial’s 230,000 new retail deposit customers via its retail side, Ally Bank, 126,500 were millennials, according to bank’s earnings report released today. Ally Financial Inc.’s

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Banking 2020

DECEMBER 15, 2014

Effectively leading millennials requires understanding the collective experiences, values and motivators that make this group “tick.” Millennials, generally defined as the demographic cohort born between 1982 and the early 2000s, will account for half of the American workforce by 2020. Be transparent. Make work feel like play.

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PYMNTS

JANUARY 22, 2020

“Over the last years, that shift [has intensified],” Parsons said, noting that about two generations ago, the first payment card was not even plastic, but paper — something most consumers today are unable to recall or likely believe. Desires sometimes contradict each other — or, at the least, serve to make a retailer’s job harder.

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Retail Millennials New York City social media 137

PYMNTS

JANUARY 14, 2021

Researchers found that shoppers’ mistrust led to 54 percent choosing one-time guest checkouts, while 37 percent said they are less likely to keep card information on file and 21 percent reported reluctance to purchase more products. Consumers may lack trust in the identity verification process during onboarding, according to one study.

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Analytics Data Study Millennials 170

PYMNTS

DECEMBER 12, 2016

Gift cards may seem a logical answer. What happens if you buy a card from a store that’s not exactly right for that person? Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. Stuck is stuck, with a tight smile of thanks, and perhaps that card is left in a drawer. But not brand.

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PYMNTS

NOVEMBER 29, 2019

People really do buy very different things and merchants are approaching the holiday in a more tactical way than ever before because consumers are — especially millennials,” Molnar said. Within a few years 75 percent of the workforce will be millennials. Changing Faces.

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Millennials Payments social media Cards 136

Abrigo

OCTOBER 15, 2014

Groupe BPCE, France’s second largest bank (by customers), has utilized the API of the global social media giant Twitter to allow their customers to transfer money via a tweet. Offering convenient ways to bank can be an appealing option to draw in those new customers, particularly for the millennial generation.

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social media Apple United States Innovation 150

PYMNTS

APRIL 11, 2016

Reports find differences in the adoption of IT hardware versus software, mobile devices and virtual cards. Research also uncovered gaps in how businesses interact with innovative tools depending on who’s using it — financial executive versus corporate traveler and even millennial business owner versus Baby Boomer.

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Millennials Software social media Cards 100

PYMNTS

MARCH 28, 2016

Plus, new research uncovers just how vulnerable employee information is to corporate hackers, why businesses aren’t interested in moving on from checks and how millennial procurement officials are tapping into Facebook to source for their firms. That includes search engines, supplier websites and social media, researchers found.

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social media Payments Millennials Survey 100

BankBazaar

AUGUST 7, 2019

Owing much to the changes in banking trends and the emergence of fintech companies, millennials across India have become open to the idea of borrowing credit. Access to credit products such as Credit Cards and loans may be rather easy today, but it wasn’t the case till a few years ago. Check out these amazing offers on Credit Cards!

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Millennials System Lending Trends 60

PYMNTS

DECEMBER 22, 2018

Social media promotes the experience of buying and decorating those trees, something that is considered, in certain quarters, as more “authentic” than going with an artificial option. That is helpful especially for “millennial and Generation Xers,” he said. Hand-held credit card machines are a wonderful thing,” Hundley said.

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Industry Millennials Online National 134

PYMNTS

SEPTEMBER 15, 2019

The company is currently in talks with FinTechs about a joint application for one of the licenses, said President Ang Tang Chor, adding that Hong Leong would like to attract more millennials and newly established firms to its customer base. “We The FinTechs have one advantage: they lend against data,” Ang said.

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social media Fintech Millennials Financial Technology 116

Filene

JANUARY 18, 2016

I had about $20K in student loan debt, $8K in credit card debt, a car note for $12K, monthly rent and utilities, and of course important things like eating to worry about. It took me 18 months of a strict budget and two jobs to pay down the credit card and car. I was in over my head and did a ton of worrying. An at-risk generation.

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Millennials social media Video Taxes 49

PYMNTS

FEBRUARY 24, 2020

Millennials are also more likely to go the do-it-yourself (DIY) route than consumers from other age groups. Almost three quarters — or 73 percent — of millennials are doing DIY home improvement. Since its rollout, it has been engaging in social media marketing. Marketing And eCommerce.

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Tools Milwaukee Millennials social media 146

PYMNTS

DECEMBER 7, 2017

Amazon takes another swing at Etsy, Apple catches up in the proprietary Pay game and Facebook matriculates a new generation of social media users with its new Messenger product for kids — this and more of the latest news from the Frightful Five, just in case you missed it.

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Apple social media Google Video 111

PYMNTS

APRIL 4, 2019

According to a recent study by Citibank , 31 percent of consumers use their mobile banking app more than any other — placing mobile banking behind only social media and weather for most frequented mobile destinations. It might mean incorporating innovative payment experiences like Zelle directly into their mobile offerings.

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Mobile Study Security social media 169

PYMNTS

MAY 11, 2018

At first glimpse, the Marriott move seems small — just another example of the ongoing divorce between payments and physical cards. The social media and messaging provider recently signed a deal with Western Union to add WeChat Pay to Western Union’s GlobalPay for Students. Last year, the U.S.-based So is WeChat.

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Retail Payments social media Mobile 129

NCR

JANUARY 12, 2017

A bank may start with an in-feed video ad, directing consumers to a webpage where they can fill out a credit card application. Snapchat is extremely popular among the highly engaged millennial audience known to have less interest in and trust for financial institutions. appeared first on Banking.com.

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social media Video Branding Examples 40

PYMNTS

NOVEMBER 13, 2019

He said the global economy had been marked by the emergence of new technologies and social media, eCommerce platforms and all manner of promotions delivered across smartphones and tablets. That’s especially true with the continued rise of millennials, who seek instant engagement from the brands with which they interact.

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Millennials social media Retail Cards 118

PYMNTS

DECEMBER 21, 2016

Americans, especially millennials, are hungry for restaurant innovation. After meals are finished, guests can pay their checks at the table via an integrated card scanner or a smartphone app or mobile wallet. IRT goes one step further, McCann said, by allowing customers to interact using nothing but the surface in front of them.

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social media Survey Retail Technology 100

PYMNTS

SEPTEMBER 4, 2019

On its eCommerce website, the company accepts credit cards, PayPal and Google Pay at checkout. It is finding a lot of success, as might be expected, with people like urban millennials, Kurzrock noted, and similar groups. For promotion, the company is very active on social media and also has events.

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social media United States Branding Millennials 148

PYMNTS

AUGUST 26, 2016

One of the retailers, Coles, which is also a credit card issuer, argues that opening up NFC technology is in the best interests of consumers, who should have more choice in digital wallet apps. Apple Again Trying Social Media Apps. Apple is building momentum for its new iPhone and iPad releases.

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Apple social media Retail Strategy 100